What does Aspen Industrial Growth Fund II invest in?

The Fund focuses on acquiring industrial land in Southwest Kansas City, obtaining development entitlements, and pursuing industrial construction or land sales to other developers.

What returns does Industrial Growth Fund II target?

The Fund targets an 18–26% IRR and a 1.70–2.40x equity multiple, depending on investment performance and share class. These returns are projected and not guaranteed.

What is the minimum investment?

The minimum investment is $100,000, with additional share classes starting at $250,000 and $1,000,000 offering different preferred returns and profit-sharing terms.

Who can invest in Industrial Growth Fund II?

The Fund is available to verified accredited investors. IRA investments are also accepted, subject to applicable requirements.

What is the expected holding period?

The Fund targets a 3–5-year holding period, although the actual duration may vary depending on development timelines and market conditions.

Aspen Industrial Growth Fund II

Investing in Kansas City’s Industrial Growth

An opportunistic industrial real estate fund focused on acquiring, entitling, and developing strategically located industrial land in Southwest Kansas City, building on the success of Industrial Growth Fund I.

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18–26%

Target IRR*

$100,000

Minimum Investment

3–5 Yrs

Target Hold Period*

1.70–2.40x

Target Equity Multiple*

*All projected returns are targets and are not guaranteed. Actual performance may differ materially.

Growth Fund II Overview

Aspen Industrial Growth Fund II targets industrial land acquisition and development opportunities in Southwest Kansas City, where limited land availability creates potential for long-term value appreciation.

Building on Industrial Growth Fund I, the Fund seeks to acquire multiple strategically located parcels, obtain development entitlements, and create value through industrial construction or land sales to other developers. This strategy allows investors to participate earlier in the development process, with multiple potential paths to realizing returns.

Investment Highlights

Limited Land Supply

Targeting industrial development parcels in Southwest Kansas City, where Aspen believes the opportunity to secure available land is narrowing.

Building on Fund I

Industrial Growth Fund I acquired over 5 million square feet of developable area and generated more than $7.67 million in gross profit from a June 2026 sale, according to Aspen’s reporting.

Early-Stage Participation

Exposure to land acquisition and entitlements, with the potential to participate in subsequent industrial construction at a lower cost basis.

Multiple Value-Creation Strategies

Opportunities to create value through land entitlements, industrial development, or sales to third-party developers.

Management Alignment

Aspen’s management team is co-investing personal capital in the opportunity, aligning its financial interests with those of investors.

The Market Opportunity

Industrial Development in Southwest Kansas City

Demand for modern industrial facilities continues to be supported by manufacturing, logistics, and supply chain activity, including reshoring and nearshoring trends.

Aspen has identified Southwest Kansas City as a particularly attractive industrial submarket, where limited available land creates an opportunity to secure development sites ahead of future demand.

By acquiring and entitling land before construction, Industrial Growth Fund II aims to capture potential appreciation earlier in the development cycle, while retaining flexibility to develop properties or sell to other developers.

Fund Details

Open

Industrial Growth Fund II

Asset Class

Industrial Real Estate / Land

Strategy

Opportunistic

Target Fund Size

$25,000,000

Initial Capital Raise

Approximately $10,000,000

Minimum Investment

$100,000

Target IRR

18–26%

Target Equity Multiple

1.70–2.40x

Target Hold Period

3–5 Years

Investor Eligibility

Verified Accredited Investors

IRA Investments

Accepted

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Investment Share Classes

Class A-1

Minimum investment

$100,000

Preferred Return

LP/GP Split

70/30

Target Net Annual Return

20–25%

Target IRR

18–23%

Class A-2

Minimum investment

$250,000

Preferred Return

LP/GP Split

75/25

Target Net Annual Return

21–26%

Target IRR

19–24%

Class A-3

Minimum investment

$1,000,000

Preferred Return

LP/GP Split

80/20

Target Net Annual Return

22–28%

Target IRR

20–26%

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Frequently Asked Questions

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What does Aspen Industrial Growth Fund II invest in?
The Fund focuses on acquiring industrial land in Southwest Kansas City, obtaining development entitlements, and pursuing industrial construction or land sales to other developers.
What returns does Industrial Growth Fund II target?
The Fund targets an 18–26% IRR and a 1.70–2.40x equity multiple, depending on investment performance and share class. These returns are projected and not guaranteed.
What is the minimum investment?
The minimum investment is $100,000, with additional share classes starting at $250,000 and $1,000,000 offering different preferred returns and profit-sharing terms.
Who can invest in Industrial Growth Fund II?
The Fund is available to verified accredited investors. IRA investments are also accepted, subject to applicable requirements.
What is the expected holding period?
The Fund targets a 3–5-year holding period, although the actual duration may vary depending on development timelines and market conditions.

Explore Aspen Industrial Growth Fund II

Discover an opportunity to participate in industrial land acquisition and development in Southwest Kansas City.

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